Insurance Agent Hourly Pay in Midland, MI: $24.42 (2026)
Quick Answer:Hourly pay for a insurance agent working in Midland, MI runs $24.42 at the median for 2026 — annualizing to $50,795 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Midland's regional price level (BEA RPP 91.9, 8% below national), each hour of work buys what $26.56 nationally would. A 24-hour part-time schedule grosses $30,474 per year.
Official BLS data · View source
With an hourly median pay of $24.42, the compensation for insurance agents in Midland, Michigan, falls notably below the national median of $31.02 per hour. This discrepancy reflects the local job market dynamics and could influence the earnings of part-time agents, who may typically work just a three-day week. For example, those working in various settings—whether in captive storefronts, independent agency offices, or conducting virtual policy consultations—can expect to earn between $12.93 per hour at the bottom 10 percentile to a commendable $83.50 at the top 10 percentile. For insurance agents in Midland, understanding these hourly figures is crucial, as they serve as a standard for both entry-level positions and seasoned professionals who potentially draw higher income, especially in client-focused roles or specialized consulting.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $12.93 | $103.43 |
| Lower Range (P25) | $18.72 | $149.76 |
| Median (P50) | $24.42 | $195.35 |
| Upper Range (P75) | $42.01 | $336.08 |
| Top Earners (P90) | $83.50 | $668.01 |
Estimated Annual Income by Work Schedule in Midland
Based on $24.42/hr median hourly rate · 2026 est.
At $24.42/hr, a insurance agent working full-time (40 hr/wk) in Midland, MI can expect to earn approximately $50,791 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $29,302. With a cost-of-living index of 91.92 (below the national average), these earnings stretch further in Midland.
Hourly Rate Calculator
Schedule Comparison in Midland
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $976.74 | $4,233 | $50,791 |
| Part-Time (24 hrs) | $586.04 | $2,540 | $30,474 |
| Per Diem (16 hrs) | $390.70 | $1,693 | $20,316 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Midland) | $24.42 |
| Real Estate Sales Agent (National Avg) | $32.36 |
| Personal Financial Advisor (National Avg) | $51.62 |
| Insurance Underwriter (National Avg) | $37.70 |
| Claims Adjuster (National Avg) | $35.30 |
Insurance Agents in Midland, MI earn a median of $50,795 per year (2026 est.), which is 21.27% lower than the national median of $64,522 and 19.10% below the Michigan state average of $62,787.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $24.42/hr = $30,474/year (purchasing power: $33,153).
Working 40h/week (full-time) = $50,791/year (purchasing power: $55,255).
CoL index: 91.921 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$24.10/hr
2025 BLS Actual
$23.57/hr
2026 Current Est.
$24.42/hr
2019–2027 Growth
+5.0%
Hourly Rate Trajectory for Insurance Agents in Midland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.10/hr | Actual |
| 2020 | $19.75/hr | Actual |
| 2021 | $23.25/hr | Actual |
| 2022 | $23.39/hr | Actual |
| 2023 | $24.90/hr | Actual |
| 2024 | $24.84/hr | Actual |
| 2025 | $23.57/hr | Actual |
| 2026(current) | $24.42/hr | Estimated |
| 2027 | $25.30/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Midland grew -2.2% from $24.10/hr (2019) to $23.57/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $25.30/hr by 2027. Part-time and per-diem insurance agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Midland metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.60% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Insurance Agent in Midland
Analyzing the remuneration landscape further reveals insights pertinent to part-time and per-diem work arrangements in the insurance sector. A three-day workweek ultimately yields an annual take-home amount that reflects significantly less than full-time contributions. While per-diem positions are relatively rare and often depend on commission-based pay, some agents may leverage greater hourly rates through consulting, with seasoned professionals charging upwards of $200 per hour. In Midland, hourly wages can vary considerably, influenced by the type of employer, whether it be a captive agency like State Farm or a large commercial brokerage such as Aon or Marsh. Some professionals may opt for lower hourly rates in exchange for benefits, making the decision to invest in job stability versus flexibility a critical conversation point. Negotiating effectively is vital—focused strategies that highlight one's value or specialization can lead to better hourly terms, especially in a market influenced by the shifting dynamics of the insurance industry.
More salary data for Midland, MI:
Frequently Asked Questions
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Written by Jordan Lee, MBA
Career Analyst
Jordan has over 10 years of experience in the insurance industry. He specializes in property and casualty insurance. He has worked in both agency and corporate settings.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.60% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for insurance agents in Midland. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 6-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.60%, derived from historical BLS wage trends for insurance agents (SOC 41-3021).
Compiled and verified by Jordan Lee, MBA, a licensed insurance agent with 10+ years of clinical experience. · View source data at BLS.gov